Join our mailing list!
(Your shopping cart is empty)
Diane Publishing Books
Banks, Sovereign Debt and the International Transmission of Business Cycles
Luca Guerrieri (au); Matteo Iacoviello (au); Raoul Minetti (au)
This study examines the international propagation of sovereign debt default. The authors posit a two-country economy where capital constrained banks grant loans to firms and invest in bonds issued by the domestic and the foreign government. The model economy is calibrated to data from Europe, with the two countries representing the Periphery (Greece, Italy, Portugal and Spain) and the Core, respectively. Large contractionary shocks in the Periphery trigger sovereign default. We find sizable spillover effects of default from Periphery to the Core through a drop in the volume of credit extended by the banking sector. Tables and figures. This is a print on demand report.
Where the Domino Fell: America & Vietnam, 1945 to 1990
Sagas of Icelanders: A Selection
In the Combat Zone: Special Forces Since 1945
Fourth Book of Sexual Questions & Answers
Rudy!: An Investigative Biography of Rudy Giuliani
Share your knowledge of this product with other customers...
Be the first to write a review
Diane Publishing Co
PO Box 617
Darby, PA 19023-0617
Become an Affiliate
Send Us Feedback
Copyright ï¿½ 2004 Diane Publishing Company. All Rights Reserved.